U.S. stocks opened higher on Wednesday April 23, 2025, with this happening amid a broader market reaction to latest tariffs news and comments on Federal Reserve chair Jerome Powell from President Donald Trump. The Dow Jones Industrial Average rose 2.2%,…

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at Trump National Golf Club in […]

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Luxury hospitality platform Dorsia is rolling out crypto payments for clients 
in the United States, the United Kingdom, Europe, and six Arab nations.
The payments feature is being enabled through a partnership with MoonPay, the 
companies told Cointelegraph. With the integration, users will be able to book 
luxury travel experiences and complete transactions directly in USDC (USDC) 
and Solana-based tokens through the Dorsia app.
&#8220;[…] integrating crypto payments is a natural next step in aligning with the 
evolving preferences of our members,&#8221; Marc Lotenberg, founder and CEO of 
Dorsia, said in an interview.
Dorsia is the latest luxury firm to turn to crypto services for high-net-worth 
individuals. The industry has been highly active in the Web3 space over the 
past few years, exploring crypto on-ramps and customer engagement features, 
such as non-fungible tokens and metaverses.
Luxury carmakers Lamborghini and Ferrari, and watchmakers like Patek Philippe, 
are a few companies accepting payments in cryptocurrencies.
Dorsia is a luxury hospitality app that connects its members with high-end 
hotels. Instead of traditional booking models, Dorsia uses dynamic pricing and 
a membership-based system for reservations at luxury hotels. According to 
Grand View Research, the luxury travel market is expected to reach $2.3 
trillion by 2030.
_**Related:**__**Gucci the latest luxury brand to accept crypto payments in 
store**_
The company has raised a total of $50.4 million in funding across Seed and 
Series A rounds. Major backers include Index Ventures, RedSea, and individuals 
from Meta, Uber, Atomic, Groot Hospitality, and the Rockwell Group.
_**Related:**__**Polygon-based lending platform to provide crypto liquidity 
for luxury items**_
## MoonPay expands in 2024
Dorsia isn&#8217;t the first luxury brand to partner with MoonPay. According to the 
company&#8217;s CEO, Ivan Soto-Wright, it also offers a crypto on-ramp for clients 
like fashion house Gucci, carmaker Bugatti, and auction house Christie&#8217;s.
MoonPay&#8217;s net revenue increased 112% in 2024, while transaction volume in Q1 
2025 soared 123%, according to the company.
In January, MoonPay acquired the Solana-based payment processor Helio in a 
$175 million deal. The acquisition enabled a broader range of partnerships for 
payments, including with Dorsia, the company revealed. MoonPay has also 
recently acquired Iron to facilitate payments in stablecoins for merchants.
_**Magazine:**__**AI Eye: AI travel booking hilariously bad, 3 weird uses for 
ChatGPT, crypto plugins**_

Luxury app Dorsia taps MoonPay for crypto payments

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Crypto staking protocol Symbiotic has announced a $29 million raise in its 
Series A funding round led by Pantera Capital. Symbiotic, whose permissionless 
restaking platform went live on Ethereum (ETH) in January, announced the 
milestone on April 23. The funding…